First Advantage Bancorp (First Advantage Bancorp) Credit Losses Provision : $0.73 Mil (As of Dec. 2019)

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What is First Advantage Bancorp Credit Losses Provision?

First Advantage Bancorp's credit losses provision for the three months ended in Dec. 2019 was $0.07 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2019 was $0.73 Mil.

First Advantage Bancorp's quarterly credit losses provision declined from Jun. 2019 ($0.23 Mil) to Sep. 2019 ($0.23 Mil) and declined from Sep. 2019 ($0.23 Mil) to Dec. 2019 ($0.07 Mil).

First Advantage Bancorp's annual credit losses provision increased from Dec. 2017 ($-0.42 Mil) to Dec. 2018 ($0.60 Mil) and increased from Dec. 2018 ($0.60 Mil) to Dec. 2019 ($0.73 Mil).

First Advantage Bancorp Credit Losses Provision Historical Data

The historical data trend for First Advantage Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Advantage Bancorp Credit Losses Provision Chart

First Advantage Bancorp Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Credit Losses Provision

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1.24

0.82

-0.42

0.60

0.73

First Advantage Bancorp Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Credit Losses Provision	Get a 7-Day Free Trial															0.17	0.20	0.23	0.23	0.07

First Advantage Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.73 Mil.

First Advantage Bancorp (First Advantage Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Advantage Bancorp (OTCPK:FABK) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

1430 Madison Street, Clarksville, TN, USA, 37040

Website

https://www.firstadvantagebanking.com

First Advantage Bancorp is a bank holding company. The bank is engaged in providing a full range of banking and financial services to individual and corporate customers in Clarksville and Nashville, Tennessee. It offers a range of products and services including free checking to high-interest savings, from online bill pay to mobile banking, from credit cards to auto loans. The bank offers real estate loans, consumer loans, and commercial loans. Its real estate loans include one- to four-family loans, multifamily, non-residential and land loans. Its consumer loans include home equity loans and lines of credit, auto loans, deposit loans, overdrafts, and others. It also includes U.S. Treasury, U.S. Government agencies, and corporations and mortgage-backed securities.

Executives

Michael E Wallace	director	1430 MADISON STREET CLARKSVILLE TN 37040
William Lawson Mabry	director	1430 MADISON STREET CLARKSVILLE TN 37040
Cooksey Gerald L. Jr.	officer: Chief Financial Officer/COO	1430 MADISON STREET CLARKSVILLE TN 37040

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